I am at the moment within the software stage of the mortgage course of and have a query on a few the traces on the mortgage abstract. Please see highlighted traces in pic under:
I’m placing 3% down on a $440k home and there’s additionally a vendor concession of three%. My questions are:
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What’s the “extra costs line”?
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Why is the vendor credit line 24,200 and never 13,200 (440 x 3%)?
Please see my mortgage guide’s response within the pic under:
Does this reply is smart to you? Is that this commonplace follow? Appears unusual to me. Why would the brokers fee be on my mortgage abstract?
Thanks for the assistance.